Authority: IC 6-8.1-3-3

Affected: IC 6-2.5; IC 20-47-2; IC 20-47-3

Sec. 47. The state gross retail tax shall not apply to sales of tangible personal property incorporated or to be incorporated in a school building or school buildings being constructed by a lessor corporation in accordance with a lease executed under IC 21-5-11 [IC 21-5 was repealed by P.L.2-2006, SECTION 199, effective July 1, 2006. See IC 20-47-2.] (School Building Leasing) or IC 21-5-12 [IC 21-5 was repealed by P.L.2-2006, SECTION 199, effective July 1, 2006. See IC 20-47-3.] (School Corps. Authorized to Lease School Buildings).

(Department of State Revenue; Ch. 5, Reg. 6-2.5-5-23; filed Dec 1, 1982, 10:35 am: 6 IR 50)